The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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TOK, ALASKA – An Aug. 29 groundbreaking ceremony at Manh Choh marked the official opening of Alaska's newest gold mine. But even before tribal, corporate, and state leaders tossed the symbolic golden shovels of dirt celebrating the start of Manh Choh, the Alaskan crossroads town of Tok about 15 miles to the northwest was already bustling from the added business this mine brings. As the first real sign of civilization in nearly 300 miles for northbound Alaska Highway travelers,...
Freegold Ventures Ltd. Aug. 31 announced that as its rigs continue to turn – from the 30 holes already completed since the start of the company's resource upgrade and expansion drilling program in March – results have come in that maintain the impressive mineralization at Dolphin-Clearly within Golden Summit, a project about 25 miles north of Fairbanks, Alaska. Located about a 30-minute drive from Fairbanks, Golden Summit is an advanced-staged exploration project within the...
Contango Ore Inc. Aug. 30 announced the official start of mining operations at its 30% owned Manh Choh gold-silver mine near the crossroads town of Tok, Alaska, and the launch of 2023 drilling at its Lucky Shot gold mine project in the Southcentral region of the state. The Manh Choh mine, a joint venture between Kinross Gold Corp. (70%) and Contango (30%), is expected to produce roughly 1 million gold-equivalent oz, which includes the value of both the gold and silver, over...
Kinross Gold Corp. Aug. 2 reported that its Fort Knox Mine in Alaska produced 69,438 ounces of gold during the second quarter of 2023, which is a 6% increase over the 65,404 oz recovered during the first three months of this year but a 10% drop from the 77,184 oz produced during the second quarter of 2023. The company attributes the quarterly increase to increased mill throughput and higher-grade ore. During the second quarter, 2.08 million metric tons of ore averaging 0.82...
Australia-based Mine Discovery Fund launches Wiseman Metals to explore Doyon-owned copper & critical minerals properties; more deals to come. Since emerging on the Alaska mineral exploration scene in 2021, Felix Gold Ltd. has amassed more than 150 square miles of gold-enriched properties in the Fairbanks Mining District and is working toward establishing an inaugural resource at one of the most prospective gold targets discovered so far on this enormous land package. As Felix...
Amid renewed market interest in gold, White Gold Corp. recently reported increased mineral resource estimates for its flagship White Gold Project and unveiled plans for a 2023 exploration program across its namesake district in the Yukon. The junior explorer, which enjoys the financial backing of major Agnico Eagle Mines Ltd. (19.5%) and Kinross Gold Corp. (15%), has turned its attention in 2023 to further evaluation of targets at its JP Ross and Betty Ford projects and...
Felix Gold Ltd. July 3 reported that initial assay results from the 2023 program at Treasure Creek show that the drilling is beginning to define a trend of strong near-surface gold mineralization at NW Array, the initial exploration target on this property about 20 miles north of Fairbanks, Alaska. In May, Felix launched a drill program that was slated to involve 3,500 meters of drilling in 30 to 40 reverse circulation holes focused on establishing a near-surface resource at...
White Gold Corp. June 15 outlined its 2023 exploration programs at properties within the company's namesake gold exploration district in Canada's Yukon. "We are excited to kick off our 2023 exploration programs in the White Gold District," said White Gold Vice President of Exploration Terry Brace. The company holds roughly 350,000 hectares (865,000 acres) of highly prospective land or roughly 40% of the White Gold District. Located approximately 95 kilometers (59 miles) south...
With financing in place to fund its 30% share of development expenses at Manh Choh and Kinross Gold Corp. on track to have that eastern Alaska mine pouring its first gold bar next year, Contango ORE Inc. is focused on pushing ahead a second gold-producing asset at the historic Lucky Shot project. Located 112 road miles (180 kilometers) north of Anchorage, Alaska, Lucky Shot encompasses three pre-World War II era underground mines – Colman, Lucky Shot, and War Baby – that pro...
White Gold Corp. June 21 announced the start of diamond drilling at Vertigo, an intriguing gold target in the White Gold District that has virtually seen no drilling since 2019. Located approximately 30 kilometers (19 miles) northeast of the company's flagship White Gold project, Vertigo is a road-accessible target found within the JP Ross property roughly 80 kilometers (50 miles) south of Dawson City, Yukon. After acquiring all of Kinross Gold Corp.'s projects in the White...
Contango ORE Inc. May 18 reported that it has secured a loan of up to US$70 million to fund its share of the construction, operation, and other expenses required to achieve the first gold pour at the Manh Choh mine project in Alaska. Being advanced by Peak Gold LLC, a joint venture between Kinross Gold Corp. (70%) and Contango (30%), the Manh Choh Mine is expected to produce roughly 1 million gold-equivalent oz, which includes the value of both the gold and silver, over an...
Home to deposits and prospects enriched with 49 out of the 50 minerals deemed critical to the United States, Alaska is the single best state in the nation to explore for the minerals and metals needed for clean energy, electric vehicles, high-tech devices, and military hardware. To gain a better understanding of the 49th State's critical minerals potential, the U.S. Geological Survey is investing an additional $5.8 million to explore specific regions of the state in 2023....
Contango ORE Inc. May 30 announced that the Alaska-based mineral exploration and mine development company is set to join the broad-market Russell 3000 and Russell Microcap. Founded in 2010 to explore the mineral potential discovered on the Tetlin property by Chairman Brad Juneau while exploring for natural gas in eastern Alaska, Contango ORE is a homegrown mining company that is slated to be a gold producer in 2024 with the completion of the Manh Choh mine that stemmed from Ju...
Kinross Gold Corp. May 9 reported that its Fort Knox Mine in Alaska produced 65,404 ounces of gold during the first quarter of 2023, which is a 33% drop from the 87,061 oz produced during the previous three-month period but nearly 19% higher than the 54,803 oz produced during the first quarter of 2022. Due to the effects of cold weather on recoveries from the heap leach pad, a drop in gold production during the first quarter is an annual event at Fort Knox. As the weather warm...
Boots on the ground and soil samples in hand, ground truth exploration is a time-tested method that has led to many of White Gold Corp.'s various discoveries across its more than 1 million acres of prospective land in Yukon's prolific White Gold District, and 2022 exploration was no different. With exploration across more than a dozen properties, targets, zones, or areas, there is a lot of ground to cover, and each program seems to unearth more and more for this Yukon gold...
Victoria Gold Corp. April 5 announced that it produced 37,619 ounces of gold during the first quarter of 2023 operations at its Eagle Mine in the Yukon, a nearly 55% increase over the 24,358 oz produced during the first three months of last year. "This was the best Q1 performance for the Eagle Gold Mine since operations commenced with strong gold production and ore tonnage stacked on the heap leach pad," said Victoria Gold President and CEO John McConnell. Since pouring the...
Contango ORE Inc. March 20 announced that it has entered into an agreement with two financial institutions to arrange a US$70 million loan to help fund the company's portion of expenses to reach the first gold pour at the Manh Choh Mine project in Alaska. Being advanced by Peak Gold Joint Venture, owned 70% by Kinross Gold Corp. and 30% by Contango, the Manh Choh Mine is expected to produce roughly 1 million gold-equivalent oz, which includes the value of both the gold and...
More gold, strong zinc prices helped push value higher; critical minerals could add a boost moving forward. Alaska mines produced approximately $4.51 billion worth of nonfuel minerals last year, a 16% increase over the $3.89 billion in 2021, and an impressive 42.7% jump over the $3.16 billion of mined products during 2020, according to the U.S. Geological Survey's Mineral Commodity Summaries 2023 report. The rise in Alaska mine production value is largely due to increased...
Freegold Ventures Ltd. Feb. 23 reported an enormous upgrade to the quality and quantity of the mineral resources at Golden Summit, a now world-class gold project on the northern border of Kinross Gold Corp.'s Fort Knox Mine property in Alaska. Over the previous three years, Freegold has carried out more than 83,000 meters of systematic resource expansion and upgrade drilling at Golden Summit. With the bulk of the assays from the 2022 season in hand, the company had a new...
Kinross Alaska gold output rises; restoration of fish habitat near Hope supports company ESG strategy. Continuing a steady rise in annual gold output, Kinross Gold Corp.'s Fort Knox Mine produced 291,248 ounces of gold in 2022, a roughly 10% increase over the 264,283 oz recovered at the Interior Alaska operation during 2021. This upward trajectory reflects the early stages of the Kinross Alaska strategy, which is expected to see the annual gold output of the mill at Fort Knox...
White Gold Corp. Feb. 23 announced the latest batch of assays shows that the 2022 diamond drilling program on the Ryan's Surprise and Ulli's Ridge targets intersected multiple zones of gold mineralization between the untested region of both, suggesting a larger footprint within the 6.5-kilometer- (4 miles) long trend on the company's namesake White Gold District, Yukon. Located roughly 95 kilometers (59 miles) south of Dawson City and practically next door to Western Copper...
Contango ORE Inc. Feb. 6 reported that development of the Manh Choh gold mine in Alaska remains on track to begin commercial production in the second half of next year and an updated and expanded resource for the high-grade Lucky Shot gold project is slated for completion in March. "We look forward to continuing to update shareholders and investors on our progress in developing Alaska's next gold mines," said Contango ORE President and CEO Rick Van Nieuwenhuyse. The first...
Gold dominates Alaska mineral exploration, but a critical shift arises. Since the discovery of gold in what is now the Alaska capital city of Juneau, prospectors, geologists, and fortune seekers have spent more than 140 consecutive summer seasons exploring The Last Frontier's golden potential. With these endeavors turning up rich aurum lodes in every corner of the state, except for the oil-rich North Slope, the nearly century-and-a-half tradition of seeking and discovering wor...
With the official decision to move forward with development of the Manh Choh Mine in eastern Alaska, Kinross Gold Corp. has taken a large step forward toward executing its strategy to leverage the underutilized 14-million-metric-ton-per-year mill and tailings storage capacity at its Fort Knox Mine site north of Fairbanks to process higher-grade ore from projects within a roughly 300-mile radius of the Interior Alaska operation. "At Manh Choh in Alaska, we completed a...
As an Alaska-based mineral explorer that is listed on the NYSE American stock exchange and involved with advancing two gold mines toward production, Contango ORE Inc., commonly referred to simply as CORE, is unique in the realm of junior mining companies. Led by president and CEO Rick Van Nieuwenhuyse, CORE has assembled a pipeline of Alaska gold projects along the highway system in Alaska that span the gamut from discovery to mine development. "I have spent a good part of my...
